Gazprom Management Committee approve budget for 2018

The Gazprom Management Committee has approved the company’s investment program and budget for 2018. The decision came after the committee reviewed information regarding the company’s preliminary operating results for 2017 and the projected investment program and budget for 2019 – 2020.

Pursuant to Gazprom’s draft investment program for 2018, the overall amount of investments will stand at RUB 1278.83 billion, with RUB 798.43 billion intended for capital investments, RUB 40.99 billion for the acquisition of non-current assets, and RUB 439.42 billion for long-term financial investments.

In line with Gazprom’s draft budget, the external financial borrowings will total RUB 416.97 billion. The approved financial plan will provide for a full coverage of the company’s liabilities without a deficit.

The information about Gazprom’s preliminary operating results for 2017, the drafts of the company’s investment program and budget for 2018, and the projected investment program and budget for 2019 – 2020 will be submitted to the Gazprom Board of Directors.